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Tag: Beam Global

Extended Session Rally For Beam Global (BEEM) After Record-Breaking Orders

Shares of Beam Global (NASDAQ: BEEM) exhibited a notable surge during the extended trading session on Monday, following the company’s announcement of unprecedented quarterly orders and its inaugural European order. The stock closed the regular session with an 18.00% increase, reaching $6.49, and continued to rise on US stock charts by 15.41% in the extended session, settling at $7.49.

Remarkable Growth and Market Expansion of Beam Global

Beam Global reported record Q2 new orders amounting to $10.6 million, marking a 128% year-over-year increase. The company has expanded its government contracts, receiving new and repeat orders from state agencies in Massachusetts, California, North Carolina, and Nevada, as well as from 15 local government entities.

Beam Global’s U.S. commercial sector also experienced significant growth, with Q2 commercial orders increasing by 66% compared to the previous year. The continued expansion of electric vehicle (EV) charging infrastructure by U.S. government and commercial customers supports sustainability initiatives, community and workplace programs, fleet electrification, and emergency preparedness.

Expansion into European Markets

In Europe, Beam Global achieved a significant milestone by shipping its first EV ARC systems to Cyprus for the UK Ministry of Defense, marking its initial entry into the European market. Over half of the Q2 EV ARC orders came from new customers, including two major California public transportation providers and a global supplier of advanced mobility products and systems.

The customer base also expanded to include the Sacramento Municipal Utility District (SMUD) and a data center leader, attracted by Beam Global’s security and grid relief features. BEEM manufactured a record number of ARC Mobility trailers, enhancing customers’ ability to rapidly relocate their EV ARC systems.

Promising Outlook and Future Innovations

Beam Global has had a strong start to 2024, with the company beginning to see the impact of its European expansion. Notably, it secured its first million-dollar order in Europe within five months of establishing its European operations, a milestone that took five years to achieve in the U.S. The first and second quarters saw a healthy mix of repeat and new customers, with the commercial business continuing to expand.

Beam Global is preparing to introduce a new sustainable curbside EV charging infrastructure product and has several new products in the patent pipeline. Moreover, despite recent negative and contradictory reporting within the EV industry, Beam Global remains optimistic about its progress and long-term growth potential.

July 9, 2024
Beam Global, (Nasdaq: BEEM) revealed a subscription arrangement with Maxim Group LLC

Beam Global, (Nasdaq: BEEM), a supplier of revolutionary renewable electric car charging technologies, outdoor media, and energy protection, reported that it has signed a subscription arrangement with Maxim Group LLC in which the underwriter has agreed to buy 250,000 shares of the Company’s common stock on a firm obligation basis at a price of $30,00 to the public. Before deducting underwriting discounts and fees and projected sale costs, the total proceeds from the public offering will be about $7.5 million.

Maxim Group LLC is serving as the primary offering representative.

The closing of the transaction is scheduled to take place on or around 27 November 2020, conditional to standard closing conditions being met.

The bid is being made pursuant to an efficient declaration of shelf registration on Form S-3 filed with the U.S. Commission on Shares and Trade on 26 May 2020 and declared effective 4 June 2020 respectively. A consent solicitation will be filed with the SEC and will be included in the successful declaration of registration. If available, Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, or by telephone at (212) 895-3745 can receive copies of the final prospectus supplement and corresponding prospectus relating to the public offering.

This press release shall not constitute an offer to sell or an invitation for an offer to purchase such securities, nor shall the selling of such securities take place in any State or other jurisdiction in which the offer, request, or sale of such securities is unlawful prior to registration or certification in compliance with the securities laws of any such State or other jurisdiction.

November 24, 2020
Top 15 Solar Stocks For October 2020

The solar industry has entered into a new era of growth from the past few decades with the increase in innovations, cost competitiveness, and customer demands. The industry is striving to provide the best-in-class and frictionless experience to its customers. Solar energy is basically the radiant energy emitted from the sun, which is utilized by using various technologies such as solar heating, photovoltaic cells, and others.

Solar energy is an efficient form of unconventional energy and a convenient renewable solution toward growing greenhouse emissions and global warming. The future of the solar industry is always bright because this industry is providing energy-efficient solutions to various businesses. Technological advancements have transformed the solar industry completely.

Let’s take a quick look at the top 15 companies in the solar industry that are competing in the fast-growing markets:

Beam Global (NASDAQ: BEEM)

Beam Global (NASDAQ: BEEM) shares were trading up 7.29% at $16.49 at the time of writing on Wednesday. Beam Global (NASDAQ: BEEM) share price went from a low point around $3.90 to briefly over $17.79 in the past 52 weeks, though shares have since pulled back to $16.49. BEEM market cap has remained high, hitting $91.68M at the time of writing, giving it a price-to-sales ratio of more than 10. Beam Global (BEEM) has earlier deployed the first Beam-branded EV ARC™ 2020 charging unit.

Canadian Solar Inc. (NASDAQ: CSIQ)

Canadian Solar Inc. (NASDAQ: CSIQ) last closed at $40.78, in a 52-week range of $12.00 to $39.99. Analysts have a consensus price target of $31.49. Canadian Solar Inc. (CSIQ) disclosed earlier the financial close of its 126 MWp Tastiota project in the state of Sonora, Mexico. The non-recourse financing package, arranged by Canadian Solar, was provided by Sumitomo Mitsui Banking Corporation.

Enphase Energy Inc. (NASDAQ: ENPH)

Enphase Energy Inc. (NASDAQ: ENPH) stock soar by 9.38% to $107.82. The most recent rating by BofA Securities, on October 01, 2020, is at a Buy. Enphase Energy Inc. (ENPH) disclosed that 603 Solar deployed a 16.8 kW DC solar array on the town hall building for the community of Shelburne, New Hampshire. After other recent energy efficiency upgrades to the town hall building, the solar system from 603 Solar is expected to offset 100% of the building’s energy needs.

JinkoSolar Holding Co. Ltd. (NYSE: JKS)

JinkoSolar Holding Co. Ltd. (NYSE: JKS) rose 17.04% after gaining more than $8.14 on Wednesday. JinkoSolar Holding Co. Ltd. (JKS) announced its unaudited financial results for the second quarter ended June 30, 2020. Its Module shipments in the second quarter increased significantly compared with the first quarter, despite the negative impact caused by the global pandemic.

Maxeon Solar Technologies Ltd. (NASDAQ: MAXN)

Maxeon Solar Technologies Ltd. (MAXN) last closed at $18.78, in a 52-week range of $11.78 to $37.62. Analysts have a consensus price target of $18.00. Maxeon Solar Technologies Ltd. (MAXN) announced that its management will present on UBS Global Energy Transition Call Series on October 9, 2020.

Sunrun Inc. (NASDAQ: RUN)

Sunrun Inc. (NASDAQ: RUN) Shares headed falling, lower as much as -0.66%. The most recent rating by Piper Sandler, on October 07, 2020, is at a Neutral. CHANEL announced earlier it has committed $35 million toward solar energy projects for low-income multifamily households with Sunrun Inc. Sunrun Inc. (RUN) market capitalization has remained high, hitting $10.36 billion at the time of writing.

SolarEdge Technologies Inc. (NASDAQ: SEDG)

SolarEdge Technologies Inc. (NASDAQ: SEDG) rose 12.24% after gaining more than $33.28 on Wednesday. SolarEdge Technologies Inc. (SEDG) revealed the pricing of $550 million aggregate principal amount of 0.00% Convertible Senior Notes due 2025 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

Sunnova Energy International Inc. (NYSE: NOVA)

Sunnova Energy International Inc. (NOVA) stock soar by 3.35% to $28.99 after Sunnova Announces Third Quarter 2020 Earnings Release Date and Conference Call. The most recent rating by Piper Sandler, on October 07, 2020, is at an Overweight.

ReneSola Ltd (SOL)

ReneSola Ltd (SOL) last closed at $3.50, in a 52-week range of $0.85 to $2.98. Analysts have a consensus price target of $3.17. ReneSola Ltd (SOL) disclosed that it entered into a strategic partnership agreement with Vodasun to co-develop and market ready-to-build (RTB) ground-mounted solar projects in Germany.

Sunworks Inc. (NASDAQ: SUNW)

Sunworks Inc. (NASDAQ: SUNW) rose 45.00% after gaining more than $1.26 on Wednesday. Sunworks Announces $10 Million in Q3 Project Wins, Representing an Acceleration in Activity and Improving Market Conditions.

SPI Energy Co. Ltd. (NASDAQ: SPI)

SPI Energy Co. Ltd. (NASDAQ: SPI) stock soar by 7.46% to $8.35. SPI Energy Co. Ltd. (SPI) disclosed that on October 7, 2020, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market, indicating that for the ten consecutive trading days from September 23, 2020, to October 6, 2020, the Company’s Market Value of Publicly Held Shares had been $15,000,000 or greater as required for continued listing on The Nasdaq Global Select Market.

SunPower Corporation (NASDAQ: SPWR)

SunPower Corporation (NASDAQ: SPWR) Shares headed rising, higher as much as 11.02%. The most recent rating by Piper Sandler, on October 07, 2020, is at an Overweight. SunPower Corporation (SPWR) announced the creation of two new leadership positions at the company to lead all initiatives related to Environmental, Social and Corporate Governance (ESG) and Diversity, Equity and Inclusion (DE&I), respectively.

VivoPower International PLC (NASDAQ: VVPR)

VivoPower International PLC (NASDAQ: VVPR) stock soar by 7.14% to $10.50. VivoPower International PLC (VVPR) disclosed that it has appointed Matthew Nestor as Sales Director for North America to spearhead the rollout of VivoPower’s sustainable energy solutions (SES) offering to customers in the United States and Canada.

First Solar Inc. (NASDAQ: FSLR)

First Solar Inc. (NASDAQ: FSLR) shares headed rising, higher as much as 7.18%. The most recent rating by BofA Securities, on August 07, 2020, is at a Buy. First Solar Inc. (FSLR) stock has fluctuated between a 52-weeks low range of $28.47 and a high range of $81.87. It has moved up 176.47% from its 52-weeks low and moved down -3.86% from its 52-weeks high.

Vivint Solar Inc. (NYSE: VSLR)

Vivint Solar Inc. (NYSE: VSLR) last closed at $43.08, in a 52-week range of $3.17 to $45.25. Analysts have a consensus price target of $20.38. Vivint Solar Inc. (VSLR) has moved up 1258.99% from its 52-weeks low and moved down -4.80% from its 52-weeks high. It has a market capitalization of $5.66 billion at the time of writing.

October 8, 2020